CoreLogic’s daily dwelling values index registered another strong increase in the week ended 15 April, with values rising by 0.42% across the five major capital cities:
All major capital city markets recorded weekly price growth with Adelaide (0.52%) recording the strongest increase and Perth (0.16%) the smallest:
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We are half way through April and already dwelling values have risen by 0.81% across the five major capitals, with Sydney (1.02%), Brisbane (0.84%) and Adelaide (0.81%) each recording exceptional value growth:
Quarterly dwelling values continue to rise at an extraordinary pace, with Sydney, Melbourne, Brisbane and Perth all tracking at 20% to 30% annualised growth:
Finally, annual dwelling value growth continues to strengthen across each major market:
Another week, another strong result. The situation is unlikely to change until auction clearance rates and new mortgage commitments soften.